Financial News
Financial news: When the economy is supported by domestic consumption
Too many friends I know say that the Malaysian economy is bad. These friends did these things: two went to Norway… one bought a new EV… MANY have the top of the range branded smartphone… most others are on holidays where the hotels they stay really does show that they have the money to pay. Let’s say I believe all of them. It meant that they represent minority then? Since, the Malaysian economy in Q1 2023 is estimated to be GROWING by 5.7 percent and the main reason for this expansion in economy is domestic consumption.